Latest update on Alpari UK: Notice of proposed to make a second interim distribution 

KPMG, Administrators of Alpari (UK) Limited, has issued an announcement to inform regarding a proposal to make a second interim distribution to the unsecured creditors of the Company within two months from 18 April 2016.

Below is the announcement as it was issued:

KPMG:

I propose to make a second interim distribution to the unsecured creditors of the Company within two months from 18 April 2016. To ensure that you are able to participate in the interim distribution please submit details of your unsecured claim by this date.

Note that all clients with a claim into the Client Money Pool should continue to agree their claims through the Alpari Claims Portal and do not need to take any action with regards to this letter.

Notwithstanding the detailed information below; if you do not provide your proof of  debt before 18 April 2016 then you will not be able to participate in the interim dividend and your payment will be delayed.

Trade Creditors

If you are a trade creditor with an agreed claim no action is needed, this notice is for information purposes only. Trade creditors with agreed claims will have already received the first interim distribution paid in December 2015. If you have not received the first interim distribution from the Company, please complete the proof of debt form dated 14 August 2015 that can be found on the website (www.kpmg.com/uk/alpari).

ProfessionalClients

All Professional Clients have received bespoke proposals from the Joint Special Administrators (JSAs). If you have not returned these then please do so before 18 April 2016. If you require another copy please request one as soon as possible by emailing the inbox address at the top of this letter.

Please note that in order to pay a dividend via bank transfer we will need a copy of a recent bank statement which includes the beneficiary name. We would also require a copy of a driving licence or passport for ID purposes.

Introducing Brokers (“IBs”)

If you are an IB and have received proposals from the JSAs, and have not yet returned these, please do so before 18 April 2016. If you require another copy please request one as soon as possible by emailing the inbox address at the top of this letter.

If you are an IB and have not received an IB proposal from the JSAs please complete a proof of debt form. This form can be found on the website (www.kpmg.com/uk/alpari) and is dated 14 August 2015. Please also attach an account statement as at the date of special administration, 19 January 2015, to substantiate your claim.

Please note that in order to pay a dividend via bank transfer we will need a copy of a recent bank statement which includes the beneficiary name. We will also require a copy of a driving licence or passport for ID purposes.

Employees

All employees will be contacted separately in a process running parallel to this one. Employees do not need to take any action with regards to this letter.

SegregatedClients

All clients with a claim into the Client Money Pool should continue to agree their claims through the Alpari Claims Portal. You do not need to take any action with regards to this letter. If you agree your claims through the Alpari Claims Portal you will automatically become eligible to receive a distribution as an unsecured creditor for the extent of any shortfall claim you may have against the Company following the distribution of client money from the Client Money Pool.

Payment

The JSAs intend to make all payments by bank transfer.

Please ensure that you include your bank details on the proof of debt to enable the interim dividend to be paid by bank transfer. The dividend to unsecured creditors will be paid in pounds sterling (GBP) as that is the currency of the general estate.

Submission

Please submit your claim via email to alpariukclaims@kpmg.co.uk. Alternatively you are
able to submit your claim by post to the following address:

Alpari (UK) Limited (in special administration)
c/o KPMG LLP
10th Floor
15 Canada Square London
E14 5GL

Read more for Alpari (UK)

Source: KPMG – Letter to Creditors regarding second interim distribution

 

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